Last week’s series of Brexit votes in Parliament could mark a profound shift in the trajectory of the UK’s exit from the EU. However, businesses still do not know when Brexit will happen (if at all) and what the UK’s relationship with the EU and the rest of the world will be.
In the space of three days, the House of Commons voted (i) on Tuesday to reject the UK government’s negotiated withdrawal agreement in the second so-called “meaningful vote”; (ii) on Wednesday to reject a no-deal Brexit, with even Cabinet ministers defying the Conservative party whip to vote against it; and (iii) on Thursday to request an extension to Article 50 of the Lisbon Treaty to delay the UK’s exit from the EU. And if that was not enough, on Thursday the House also voted marginally against exercising more control over Brexit and overwhelmingly against a measure calling for a second referendum, with even supporters of a second referendum calling on MPs not to back it because it was not the right time.
Continue Reading Brexit: Heat But No Light for the UK’s International Businesses